U.K. Labour Challenger Smith Pledges New ‘Industrial Revolution’

August 8, 2016 7:48 AM

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U.K. Labour Party leadership candidate Owen Smith pledged to lead Britain into another industrial revolution, creating jobs in new industries while giving Britons a second vote on membership of the European Union.

With the British economy “on the cliff edge of another recession,” Prime Minister Theresa May’s Conservative government must take “urgent action” to avoid the country becoming the “sick man leaving Europe,” Smith is due to say on Monday afternoon in a speech in Newcastle, northern England.